] Geoffrey Inc. is a subsidiary owned by Toys "R" Us.] Geoffrey owns various trademarks and rights including the] giraffe character, and Toys "R" Us stores pay royalties] to Geoffrey. Because those royalties are business] expenses, they are claimed as deductions that escape] Louisiana taxation. Geoffrey pays no state taxes because] it is incorporated in Delaware.

This would be hillarious if it wasn't an example of the ethics of the management of our publically traded companies...